lock-in

  1. Noun.  (alternative spelling of , lock in) .
  2. Noun.  (British) An illegal but widely-tolerated invitation-only gathering in a British pub or ale-house, after the end of licensing hours, to allow regular customers the opportunity to enjoy further drinking time.
  3. Noun.  (legal) A situation in which members of an industry have agreed to adopt a certain standard and have retooled their production to meet this standard, thus making it very costly to change to a different standard.

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This entry was last updated on RefTopia from its source on 3/20/2012.